The reactivity of the diaminoacetylene Pip-C≡C-Pip (Pip=piperidyl=NC H ) towards phenyldichloro- and triphenylborane is presented. In the case of the less Lewis acidic PhBCl , the first example of a double Lewis adduct of a vicinal dicarbenoid is reported. For the more Lewis acidic triphenylborane, coordination to the bifunctional carbene leads to a mild B-C bond activation, resulting in a syn-1,2-carboboration. Ensuing cis/trans isomerization yields a novel ethylene-bridged frustrated Lewis pair (FLP). The compounds were characterized using multinuclear NMR spectroscopy, structural analysis, and mass spectrometry. Reactivity studies of both isomers with the N-heterocyclic carbene 1,3-dimethylimidazol-2-ylidene (IMe) aided in elucidating the proposed isomerization pathway. DFT calculations were carried out to elucidate the reaction mechanism. The rather low free energy of activation is consistent with the observation that the reaction proceeds smoothly at room temperature.